Asst. Prof., Institute of Management Studies, Noida
Abstract
Project management has emerged as the leading tool used by most organizations in addressing real time organizational challenges. In as much as projects were implemented as far back as ancient days, yet this concept of project management has undergone exponential growth that is affecting various disciplines. The effect ranges from civil or chemical engineering projects to pure scientific research projects. (Lock, 2012) Stated that ‘Project management is the management discipline that plans, organizes and controls people, money and cash so that projects are completed successfully in spite of all the risks. Public as well as private sector institutions have been able to use project management skills to improve effectiveness in the working environment. This effectiveness has aided these institutions in gaining competitive advantage over their competitors.
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